Vodafone 2015 Annual Report Download - page 59

Performance
a At each Board meeting there was a report
from the Chief Executive (including
topics such as updates on the Enterprise
business) and also from the Chief Financial
Ofcer (including topics such as nancial
performance, treasury matters, acquisition
reviews and insurance)
a At each Board meeting the Board received
information on the performance of the
Group with network, customer satisfaction
and quarterly market share metrics being
regularly provided
a During the course of the year the Board
met with all the Executive Committee
members and with each of the chief
executives of Vodafone Germany, Vodafone
UK, Vodafone Spain, Vodafone Italy,
Vodafone Hungary, Vodafone Greece
and Vodafone’s Enterprise business
to consider performance and future plans
of the businesses
Governance
At the relevant times throughout the year
the Board dealt with corporate governance
matters, including:
a the appointment of new Directors;
a the annual budget and three year plan;
a the Annual Report including disclosures
within the nancial statements and the
external audit process;
a bond issuance;
a changes to the treasury policy and
dealing mandate;
a renewal of the Group’s insurance
arrangements;
a assessment of risks and internal controls;
a reports on compliance and litigation;
a reports on health & safety and EMF;
a the Board effectiveness review; and
a reviews of the Board and committees’
composition and terms of reference.
People
The Board reviewed the Company’s people
management, including succession planning,
talent, progress on diversity and the results
of the People Survey.
Other reports from the business
The Board also received the following reports
from the business:
a business development report;
a quarterly market share trends;
a External Affairs report;
a EMF report;
a Vodafone Foundation; and
a teach-in on xed access technologies.
Board’s visit to Delhi, India
In February 2015, Analjit Singh, Vodafone
India’s Chairman, and Marten Pieters, Vodafone
India’s Chief Executive at the time, hosted a visit
by the Board to Vodafone India in Delhi. The Board
visited shops and other distribution outlets and
heard from Vodafone India’s executive team
about Vodafone India’s business and operations.
Two respected speakers, Suhel Seth of Counselage,
India and Uday Kotak, executive vice chairman and
managing director of Kotak Mahindra Bank, provided
commentary on India’s political and economic
context. Evening receptions provided opportunities
for the Board to meet with Indian leaders and to hear
about the work of the Vodafone India Foundation.
During the visit, the Board held Board, Remuneration
Committee and Nominations and Governance
Committee meetings and a strategy day.
Overview Strategy review Performance Governance Financials Additional information Vodafone Group Plc
Annual Report 2015
57